Loan Quality Specialist

Overview

Join to apply for the Loan Quality Specialist I role at The First National Bank in Sioux Falls
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Position Summary:

As a Loan Quality Specialist, you will be responsible for conducting comprehensive reviews of Ag and Commercial loans within a specified timeframe after origination. This role involves coordinating with administrative assistants and lenders to ensure timely routing of loan information, consistent documentation tracking, accurate loan coding, and monitoring of policy and guideline exceptions. You will also ensure adherence to all federal and state laws and regulations while maintaining consistent and accurate loan files.

The position requires independent judgment and discretion in identifying issues, preparing reports for management, and recommending process or procedural enhancements. Additional responsibilities include assisting with the creation of accurate loan documents for Commercial, Ag, and Retail departments, ensuring compliance with banking regulations and policies, and supporting Accu Account administration. Our FIRST Values apply to all teammates without exception.

• Business Loan Review and Reporting – Review loan files and documentation for accuracy and acceptance based on established loan policy. Analyze and interpret guidelines and apply understanding to reviewing documents and credit information.
• Monitor timely receipt of critical loan documents and file them appropriately. Identify missing/incorrect documentation in loan files and report issues through proper channels.
• Review all file documentation for loan files, including title commitments and policies, UCC’s, letters of credit, insurance policies, liens (collateral perfection), releases, commercial entity constituent documents and other documents relating to the loan.
• Perform loan quality post review to ensure required loan documentation has been properly executed. Monitor regulatory documentation requirements are fulfilled and uploaded to the imaging system setting exceptions for any missing documentation.
• Develop thorough understanding of all bank policies including bank loan policy, government regulations, and compliance requirements involving commercial lending.
• Enter loan quality findings in a tracking system to ensure remediation. Notify lending personnel of potential problems and make recommendations to resolve potential problems or conflicts with a loan, collateral, or documentation.
• Follow written policies, standards, and procedures for how the remediation and monitoring programs are designed to function. Utilize a tracking spreadsheet to categorize the errors found and when corrections are made in the loan system.
• Validate imaged documents and loan documentation exceptions.
• Manage Teammate access to Accu Account.

• Loan Documentation – Create loan documentation and review that insurance documentation is accurate and in compliance with laws, regulations, policies, and procedures.
• Accurately code loans following procedures in place and create loan documents for consumer loans.
• Complete due diligence review of documentation requests to validate compliance with bank regulations and internal policies and procedures.
• Communicate with lending personnel to resolve discrepancies, identify missing documentation, and obtain additional information when necessary.

• Partner With Others – Partner with others to ensure team goals are met.
• Participate in cross-functional training to support all areas within the Loan Operations team.
• Champion change management initiatives and serve as a role model for change in the organization.

Secondary education in business or related field preferred. One or more years of relevant work experience or a combination of education/experience that would enable the incumbent to meet accountabilities and required competencies of the position. Experience in banking preferred.

• Goal-oriented and self-motivated.
• Excellent verbal and written communication skills.
• Excellent organizational skills and attention to detail.
• Ability to conduct relationships in a manner that ensures cooperation and positive results.
• Working knowledge of Microsoft Office programs and ability to learn job-related software.
• Ability to adapt to the needs of the organization and teammates.

• Health Insurance
• Dental & Vision Insurance
• Profit Sharing
• Paid Vacation & Holidays
• Company paid short and long term disability
• Tuition Reimbursement Program
• Employee Banking Perks
• Community Volunteer time
• And More!

• Seniority level:
  Entry level
• Employment type:
  
  Full-time
• Job function:
  Strategy/Planning and Information Technology